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Purple Innovation (PRPL) Stock Forecast, Price Target & Predictions

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PRPL Stock Forecast

Purple Innovation (PRPL) stock forecast, based on 4 Wall Street analysts, predicts a 12-month average price target of $1.30, with a high of $1.50 and a low of $1.10. This represents a 4.84% increase from the last price of $1.24.

High: $1.5 Avg: $1.3 Low: $1.1 Last Closed Price: $1.24

PRPL Stock Rating

Purple Innovation stock's rating consensus is Hold, based on 4 Wall Street analysts. The breakdown includes 0 Strong Buy (0.00%), 1 Buy (25.00%), 3 Hold (75.00%), 0 Sell (0.00%), and 0 Strong Sell (0.00%).

Hold
Total 4 0 3 1 Strong Sell Sell Hold Buy Strong Buy

PRPL Forecast vs Benchmarks

TypeNameUpside
StockPurple Innovation4.84%
SectorConsumer Cyclical Stocks 4.57%
IndustryFurnishings, Fixtures & Appliances Stocks 12.38%

Price Target Trends

1M3M12M
# Anlaysts--4
Avg Price Target--$1.59
Last Closing Price$1.24$1.24$1.24
Upside/Downside--28.23%
Ratings Trends
DateStrong BuyBuyHoldSellStrong SellTotal
Jan, 25116--8
Dec, 24116--8
Nov, 24116--8
Oct, 24126--9
Sep, 24126--9
Latest Price Target by Analysts
DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Sep 04, 2024Seth BashamWedbush$1.10$1.11-0.90%-11.29%
Aug 06, 2024Jeremy HamblinCraig-Hallum$1.50$1.1926.05%20.97%
Aug 06, 2024Seth BashamWedbush$1.75$1.1848.31%41.13%
Mar 13, 2024Jeremy HamblinCraig-Hallum$2.00$1.6620.48%61.29%
Mar 02, 2022Matt KorandaRoth Capital$6.00$6.65-9.77%383.87%
Latest Upgrade/Downgrade by Analysts
DateCompanyPrevious RatingNew RatingRating Change
Sep 04, 2024WedbushOutperformNeutraldowngrade
Aug 23, 2024KeyBancOverweightOverweighthold
Aug 06, 2024Craig-HallumHoldHoldhold
Aug 06, 2024WedbushOutperformOutperformhold
Mar 13, 2024WedbushOutperformOutperformhold
Mar 13, 2024WedbushHoldHoldhold
Mar 21, 2023UBSNeutralNeutralhold
Nov 10, 2022Craig-HallumBuyupgrade

Financial Forecast

EPS Forecast

Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$0.28$0.06$-1.10$-1.16-----
Avg Forecast$0.57$-0.11$-0.33$-0.75$-0.48$-0.31$-0.16$-0.16$-0.12
High Forecast$0.55$-0.12$-0.34$-0.79$-0.52$-0.41$-0.18$-0.17$-0.13
Low Forecast$0.58$-0.11$-0.32$-0.69$-0.45$-0.24$-0.14$-0.16$-0.12
Surprise %-50.88%-154.55%233.33%54.67%-----

Revenue Forecast

$450M $510M $570M $630M $690M $750M Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$648.47M$726.23M$575.69M$510.54M-----
Avg Forecast$670.74M$718.68M$574.04M$514.72M$488.26M$496.84M$537.83M$550.46M$580.39M
High Forecast$654.71M$701.50M$564.94M$511.95M$488.11M$489.01M$537.83M$539.04M$568.35M
Low Forecast$686.82M$735.91M$587.87M$518.22M$488.41M$505.47M$537.83M$569.59M$600.57M
Surprise %-3.32%1.05%0.29%-0.81%-----

Net Income Forecast

$-150M $-100M $-50M $0 $50M $100M Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$10.88M$4.03M$-89.93M$-120.76M-----
Avg Forecast$58.81M$-11.91M$-34.08M$-76.96M$-50.64M$-36.20M$-16.79M$-16.78M$-12.47M
High Forecast$56.98M$-12.28M$-35.14M$-82.54M$-54.37M$-42.48M$-18.94M$-17.38M$-13.04M
Low Forecast$60.64M$-11.54M$-33.37M$-71.38M$-46.91M$-25.26M$-14.64M$-16.18M$-12.14M
Surprise %-81.51%-133.85%163.91%56.91%-----

PRPL Forecast FAQ

Is Purple Innovation stock a buy?

Purple Innovation stock has a consensus rating of Hold, based on 4 Wall Street analysts. The rating breakdown includes 0 Strong Buy, 1 Buy, 3 Hold, 0 Sell, and 0 Strong Sell, reflecting a consensus that Purple Innovation is a neutral investment for most analysts.

What is Purple Innovation's price target?

Purple Innovation's price target, set by 4 Wall Street analysts, averages $1.3 over the next 12 months. The price target range spans from $1.1 at the low end to $1.5 at the high end, suggesting a potential 4.84% change from the previous close price of $1.24.

How does Purple Innovation stock forecast compare to the average forecast of its sector, industry, and investment themes?

Purple Innovation stock forecast shows a 4.84% upside, outperforming the average forecast for the consumer cyclical stocks sector (4.57%) and underperforming the furnishings, fixtures & appliances stocks industry (12.38%).

What is the breakdown of analyst ratings for Purple Innovation over the past three months?

  • January 2025: 12.50% Strong Buy, 12.50% Buy, 75.00% Hold, 0% Sell, 0% Strong Sell.
  • December 2024: 12.50% Strong Buy, 12.50% Buy, 75.00% Hold, 0% Sell, 0% Strong Sell.
  • November 2024: 12.50% Strong Buy, 12.50% Buy, 75.00% Hold, 0% Sell, 0% Strong Sell.

What is Purple Innovation’s EPS forecast?

Purple Innovation's average annual EPS forecast for its fiscal year ending in December is -0.48 for 2024, a -58.62% decrease from the reported $-1.16 in 2023. The prediction for 2025 is $-0.31, $-0.16 for 2026, $-0.16 for 2027, and $-0.12 for 2028.

What is Purple Innovation’s revenue forecast?

Purple Innovation's average annual revenue forecast for its fiscal year ending in December is $488.26M for 2024, a -4.37% decrease from the reported $510.54M in 2023. The forecast for 2025 is $496.84M, $537.83M for 2026, $550.46M for 2027, and $580.4M for 2028.

What is Purple Innovation’s net income forecast?

For its fiscal year ending in December, Purple Innovation's average annual net income forecast is $-50.642M for 2024, reflecting a -58.06% decrease from the reported $-121M in 2023. The projection for 2025 is $-36.199M, $-16.787M for 2026, $-16.782M for 2027, and $-12.472M for 2028.